David Rodriguez, Quantitative Strategist at DailyFX, explains why he thinks shorting the Canadian dollar is a profitable trade.
The dollar slipped on Wednesday, hurt by gains in sterling and the Australian currency.
The dollar rose versus the yen on Tuesday, helped by renewed talk that the U.S. Federal Reserve may announce a further taper next week.
The euro recovered slightly from a two-month low against the dollar on Monday, helped by higher short-term market interest rates.
The Australian dollar tumbled to its lowest level since mid-2010 against a firmer U.S. dollar on Thursday.
The yen and Australian dollar nursed heavy losses early on Wednesday, having suffered a swift turnaround in fortunes as a shakeout in long dollar positions came to an abrupt end following upbeat U.S. retail sales data.
The U.S. dollar's decline to multi-week lows against the Japanese yen following Friday's shockingly weak U.S. jobs number represents just a temporary setback for the greenback, according to CNBC's latest poll.
The U.S. dollar has taken a beating in the aftermath of last week's much softer-than-anticipated non-farm payrolls report, dealing a blow to those betting on a stellar year for the greenback.
The dollar tumbled to its lowest in almost a month against the yen on Monday, following Friday's soft U.S. jobs data.
Trading at a four-year low and suffering its worst week since last June, the Canadian dollar has come under pressure against a basket of G10 currencies.
The dollar fell broadly after weaker-than-expected U.S. jobs data on Friday affirmed expectations that the Federal Reserve will take a gradual approach to tapering its bond buying program this year.
The euro traded marginally higher against the dollar, recovering from a sharp sell-off spurred by cautious comments made by the ECB's Mario Draghi.
The dollar gained against a basket of currencies on Wednesday after minutes of the Fed's Dec. 18-19 policy meeting.
The dollar gained against the yen on Tuesday, buoyed by US trade deficit data that could inflate estimates for fourth-quarter growth.
The dollar dipped against the euro and yen on Monday as weaker-than-expected data gauging the US services sector reflected slowing growth.
The U.S. dollar is expected to weaken further next year as the global economic recovery takes hold, analysts said.
The dollar rose against the euro as US data further supported the stance for the Federal Reserve to gradually scale back its bond-buying stimulus.
One effect of the Fed's scaling back its bond-buying program: a stronger dollar. The bullish calls are already heating up.
The dollar hit a five-year high versus the yen on Friday as markets focused on the divergence between U.S. and Japanese monetary policy, driving U.S. Treasury yields higher after Wednesday's Fed decision to start cutting bond-buying.
The dollar traded near a five-year high against the yen on Thursday, a day after the Federal Reserve announced its long-awaited first cut in its bond-buying program.